In July 2020, there were 16 homes sold, with a median sale price of $157,450 - a 4.6% decrease over the $165,000 median sale price for the same period of the previous year. There were 13 homes sold in Madison in July 2019.
The median sales tax in Madison for the most recent year with available data, 2015, was $4,328, approximately 2.7% of the median home sale price for July 2020.
The following table compares Madison to other Lake County cities with similar median sales prices in July 2020:
| City | July 2020 Home Sales | July 2019 Home Sales | % change (Total Home Sales) | July 2020 Median Sales Price | July 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Willoughby Hills | 11 | 6 | 83.3% | $300,000 | $297,450 | 0.9% |
| Timberlake | 2 | 0 | - | $230,000 | $0 | - |
| Perry | 3 | 3 | 0% | $200,000 | $239,900 | -16.6% |
| Mentor | 100 | 91 | 9.9% | $190,000 | $166,000 | 14.5% |
| Willoughby | 45 | 38 | 18.4% | $163,000 | $152,250 | 7.1% |
| Madison | 16 | 13 | 23.1% | $157,450 | $165,000 | -4.6% |
| Shoreland | 1 | 1 | 0% | $157,000 | $32,500 | 383.1% |
| Painesville | 88 | 76 | 15.8% | $151,900 | $155,500 | -2.3% |
| Grand River | 1 | 0 | - | $150,000 | $0 | - |
| North Perry | 8 | 4 | 100% | $146,250 | $217,500 | -32.8% |
| Mentor-on-the-Lake | 9 | 5 | 80% | $141,000 | $138,000 | 2.2% |
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